Featured Breadth Chart of the Day:
Nice bounce up on the New Highs. Watching the Jobs number today. We could get an over reach. It is hard to tell if good news equates good market news or not.
Quote of the Day:
The hunger for love is much more difficult to remove than the hunger for bread.
Comments and Levels for the Front(S&P500 – Emini futures) contract:
We have dropped our lower target yet again to 1715 now. We would like to see 1780 hold although we can see a future with 1800 in it. We do expect to be drilling deeper than 1732 in the days ahead.
On the MiM
Those strong buying MiMs dried up yesterday.
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|Date Of Signal||Direction||x:00 Entry/Close||x:20 Entry/Close||x:30 Entry/Close|
* – NFP Day before and day of.
** – New Year’s Eve / End Of Year
If you want to join the meter readers you can go to: Join the MiM
Comments about TLT (Twenty year Bond ETF):
Slightly more selling on the TLT as money slows the transition to cash.
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Breadth Charts in Full:
Zweig Breadth Thrust
Cumulative Volume Index:
Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):
New Highs / New Lows ratio chart :
Not much of a bounce, we would like to see some up and then another collapse.
Short Term Trender – McClellan Summation Index:
Long Term Trender – Cumulative 4-week Highs – Lows (the fat lady):
Holiday in the Sun. See you all in a week!
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Thank you for Reading –
Marlin aka RedlionTrader @redliontrader
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